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Yuan’t gonna believe it: Russia’s Norilsk mines Chinese banks for loans

norilsk Nickel
By Elly Whittaker
13 Jan 2016

In a starved Russian loan market peppered with asset backed loans, three Chinese banks have lent a highly prized unsecured credit facility of Rmb4.8bn ($730m) to Russian mining company Norilsk Nickel. It is the latest sign of the increasing importance of Chinese money in a Russian economy increasingly squeezed by international sanctions and falling oil prices. Elly Whittaker reports.

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By Elly Whittaker
13 Jan 2016